ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Up 249.3% in August

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,551 shares, an increase of 249.3% from the July 30th total of 444 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 7,250 shares, the days-to-cover ratio is currently 0.2 days.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Up 1.5%

ProShares Ultra Nasdaq Cloud Computing ETF stock opened at $49.91 on Thursday. The firm has a market capitalization of $4.49 million, a PE ratio of 29.23 and a beta of 2.51. The firm’s 50-day simple moving average is $41.17 and its 200 day simple moving average is $34.11. ProShares Ultra Nasdaq Cloud Computing ETF has a 52 week low of $22.55 and a 52 week high of $55.90.

ProShares Ultra Nasdaq Cloud Computing ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were given a dividend of $0.044 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, June 24th.

About ProShares Ultra Nasdaq Cloud Computing ETF

The ProShares Ultra Cloud Computing (SKYU) is an exchange-traded fund that is based on the ISE Cloud Computing index. The fund provides 2x leveraged exposure to a modified-equally-weighted index of US companies in the cloud computing industry. SKYU was launched on Jan 19, 2021 and is managed by ProShares.